Trump’s Truth Social Teases Upcoming Utility Token, Shills ‘Patriot’ Subscription
Truth Social, the social media platform founded by U.S. President Donald Trump, has signaled it will launch a utility token as part of its new loyalty rewards program tied to its Patriot Package subscription plan.
“In the near future, based on their level of engagement with the platforms, Patriot Package subscribers will accumulate gems on their Truth Social accounts. These will eventually be tied to a utility token on both Truth Social and Truth+,” it said.
The Patriot Package, currently in public beta, costs $9.99 a month and offers access to 12 "premium, non-woke news channels," expanded video-on-demand content, a red verification checkmark on Truth Social, and a Truth+ badge.
Strangely, a separate free tier offers 27 channels—15 more than the paid version—including Euronews and a Spanish-language station.
This is not the first time Truth Social's parent company, Trump Media & Technology Group, has floated crypto-related plans.
In April, it told shareholders it was exploring a utility token for a Truth digital wallet that could initially be used to pay for Truth+ subscriptions and, later, for other services in the Truth ecosystem. In May, it denied rumors it would launch a Truth Social meme coin.
And this week, it filed a registration statement with the Securities and Exchange Commission for a new "Truth Social Crypto Blue Chip ETF," which would include assets like Bitcoin, Ethereum, Solana, XRP, and Cronos.
Truth Social's crypto ambitions mark the latest in a broader trend of Trump-linked ventures embracing digital assets.
Trump and his wife, Melania, have promoted various NFT collections and meme tokens in recent years. In May, Trump hosted top holders of the TRUMP token at a private dinner and reception, sparking backlash from ethics watchdogs.
Advocacy group Accountable.US labeled it "the most nakedly corrupt self-enrichment scheme in U.S. presidential history."
The Trump family is also associated with crypto ventures, including World Liberty Financial and American Bitcoin.
Lawmakers, including Sen. Elizabeth Warren (D-MA), have called for stronger laws to prevent sitting presidents and their families from monetizing crypto ventures. Despite this, legislative progress has been slow.
Even some Republicans have voiced concerns. During a Senate Banking Committee hearing Wednesday, Sen. John Kennedy (R-LA) questioned why the crypto industry appeared to be crafting its own legislation, noting the proposed market structure bill would significantly weaken oversight.
“To what extent should we allow you to draft [these rules]?… I’ve… heard some of you say that digital assets represent the next generation of the internet,” Kennedy said, speaking to a panel of crypto leaders, including Ripple CEO Brad Garlinghouse.
“Well, we let the current generation of the internet correct their own rules, and frankly, what we got as a result looks like somebody knocked over a urine sample."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AI investment enters the "Trough of Disillusionment", the next 18 months will be a life-or-death test!
Goldman Sachs believes that the AI investment cycle is currently in the "trough of disillusionment," but this is not the first time. The core contradiction lies in the fact that the business models of new cloud computing providers are highly dependent on end-user returns from AI spending, while currently "there are basically zero companies that can attribute profits to AI." Social Capital founder Palihapitiya has clearly defined an 18-month key window, during which the market will decide which AI business models are sustainable and which are not.
Anthropic's Core Concern: Revenue Can Be Withdrawn at Any Time, but Computing Power Costs Are Locked in for up to 20 Years
Zheshang Securities believes that Anthropic's revenue is mainly based on usage-based billing, with remaining performance obligations covering only about 5.1 months of annualized revenue, while compute power costs are already locked in with $895.4 billion in irrevocable commitments, some extending as far as 2045. Revenues can be reduced at any time, but costs are non-exitable, creating a highly asymmetric maturity gap between the two—this is the company's real core constraint.
Triple Pressure from the Federal Reserve, Treasury, and Congress; Goldman Sachs: Liquidity Crisis May Occur in 2027
Goldman Sachs warns that the reserve ratio of bank assets has dropped to around 11%, only slightly above the crisis trough of 2019. In the second half of 2027, a deadlock in debt ceiling negotiations will force the Treasury to rebuild the TGA, triggering a "perfect storm" of a sharp drop in reserves and a surge in T-bill supply; combined with stalled money market fund buying, this will create a huge liquidity black hole. The Federal Reserve could be forced into the awkward position of lowering interest rates and launching large-scale bond purchases to rescue the market.
Crypto prices
More
